France: Selected Issues Paper

July 27, 2011

Preview Citation

Format: Chicago

France: Selected Issues Paper, (USA: International Monetary Fund, 2011) accessed December 3, 2024

Summary

This note estimates potential output for France during 1980–2010, using three distinct approaches, and discusses long-term growth prospects. The focus on capital taxation highlights the need for a broader reform of the French tax system to address the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III capital requirements on French banks and the French economy, and proposes policy recommendations. French banks should be able to meet the new requirements through earnings retention.

Subject: Banking, Basel III, Corporate income tax, Financial regulation and supervision, Labor taxes, Social security contributions, Tax policy, Tax wedge, Taxes

Keywords: Basel III, Capital requirement, Corporate income tax, CR, Europe, Financial crisis, France, Global, ISCR, Labor force, Labor taxes, Output loss, Product market reform, Social security contributions, Staff calculation, Tax wedge, TFP growth

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/212
Stock No:

1FRAEA2011002
ISBN:

9781462338528
ISSN:

1934-7685

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